Day Offers Market Insight

November 22, 2017

the company

Roto held the 12th International Trade Newsday in Böblingen, Germany, where employees discussed Roto's recent capital investment and acquisition strategy. Chief Financial Officer Michael Stangier reports that Rotor Corporation has made significant capital investments as part of its multi-year plan, at a mere $ 35 million. Stangier said the company's target acquisition strategy will also help improve performance, competitiveness and sustainability.

Staff also put forward their views on the 2017 market and the 2018 outlook. Dr. Eckhard Keill, Roto's global chief executive, said that in 2017 the international construction industry is slightly better shaped. The rise in the United States has continued for several years and the rate of growth is continuing and is expected to be in the middle single digits. In Canada, he said, the recovery in the construction industry is much better than expected two years later.

Kyle also reviewed the market conditions around the world. He confirmed the sustained growth in parts of Latin America and reported that the Russian economy has been slowly recovering after a tremendous loss, pointing out the continuing uncertainty. On the contrary, Kyle said the construction industry has proved to be the mainstay of China's overall economic growth. He also predicts that the slight upward trend in Europe is likely to accelerate.

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